big_island - It is effective six months from the date of your sec rule 144 shares date of issue.
Then it will take a couple of weeks or so to get the 144's switched to free trading stock.
Thar's why of course it is discounted with respect to free trading shares.
It is a good deal IMO and people like us can just contact the company and say how much we want.
This is better than the Company going trough brokers, paying them finder fees and handing out stock that they would likely dump.
Interesting is the fact that when they complete this deal and if all outstanding warrants were exercised they would bring in a total of $2,934,542.
Furthermore the total stock issued would be around 79,504,403.
This would reduce the percentage now owned by Heritage Ventures who now only hold about 9,403,540 (14.95%) to about 11.8%. Probably it will be less than that by the rate they have been dumping. They continue to become less of a concern to us (perhaps more of a concern to their own investors).
All my statements are expressions of opinion and are not meant to be either investment advice or a solicitation or recommendation to buy, sell, or hold securities. <br> Hey! come out and have some fun
Thanks big_island. But being long on this stock for too damn long has given me a glass-half-empty view of it. The low volume is almost as depressing to me as the low price. It wouldn't be so bad if we could trade in and out and gain 2 or 3 pennies every so often, but this stock seems to exist in a parallel universe: one that is uninhabited by stock traders...